The Clintons’ income puts them well within the ranks of the top 0.1 percent of Americans, though they pay a higher tax rate than many of their elite peers. The release is part of an effort to undercut Donald Trump’s character by questioning the celebrity businessman’s record. Continue reading →

Donald Trump laid out his economic plan today in Detroit, proposing an across-the-board income tax reduction as well as a freeze on agency regulations. Trump also attacked Hillary Clinton’s policy approach, arguing it “punishes” workers and business owners in the U.S. Meanwhile, former CIA. official Evan McMullin, a Republican, said he is planning to launch an independent bid for president. Continue reading →

The IRS is facing tougher scrutiny than ever from Congress. Last week, lawmakers repeatedly pressed IRS Commissioner John Koskinen on why the agency wasn’t moving faster to improve cybersecurity, after hackers were able to breach its computers last year. Koskinen joins Judy Woodruff to discuss their challenges. Continue reading →

In our news wrap Friday, the Obamas released their federal tax returns for the past year, revealing that they paid $81,000 in taxes on an income of $436,000, and donated 15 percent of what they made to charity. Also, Brazilian lawmakers began debates over whether to impeach President Dilma Rousseff, whose high-profile corruption allegations have all but paralyzed the nation. Continue reading →